Cedar-IBSi Capital Wraps Up 60% Of INR 175 Cr Maiden Fund

Cedar-IBSi Capital has closed 60% of its maiden INR 175 Cr ($20 Mn) fund, mopping up INR 100 Cr (around $11 Mn) so far

The VC firm further said that other investors have pledged INR 10-15 Cr towards the investment vehicle

The fund aims to invest in 15-20 startups catering to the B2B fintech ecosystem with an initial ticket size ranging from $500K to $1 Mn

Fintech-focused venture capital firm Cedar-IBSi Capital claims to have closed 60% of its maiden INR 175 Cr ($20 Mn)…